ICICI is closing down branches. HDFC and other institutions are seeing a decline in demand.

Malls are less crowded, airports are emptying. But the ones with jobs are still ok. There will be no 50% offs in most shops this festive season. And its money saving time anyways.

But the worst affected will be the new graduates of this year and the next when they come out with no jobs in sight.

Tough times ahead. Didn't someone say Indian economy is decoupled from US economy?

Updated News: Jet Airways takes back its fired employees. According to the chairman of the company Naresh Goyal, he has listened to his conscience, while the avitiation minister jumped into to take credit by saying he asked Goyal to take back sacked back employees.

It seems the truth is political pressure arising from the coverage of the sacking and the effect it will have on the salaried class and the upcomign elections.